Latest Headlines – Page 348
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Charges Weigh On Callaway's Fourth Quarter Results
Callaway Golf widened its net losses to $34.9 million in the fourth quarter ended Dec. 31 from $18.2 million a year earlier, largely due to an impairment charge of $7.5 million for its Top-Flite brand and other charges, while revenues were virtually flat at $185.5 million against $185.9 million. The ...
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Ciesse Piumini's Parent Company Will Soon Go Public
Ciesse Piumini, a former property of Fila that has gone through many vicissitudes, too, is being relaunched as a premium brand of technical sports-inspired down-filled outerwear by Fremil International, the Italian company that markets the more affordable West Scout line of skiwear. Keen on expanding their international reach, both brands ...
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Bula Goes For A Total Look And Global Coverage
The Canadian hat manufacturer showed a line of outerwear for the first time at the Outdoor Retailer show in Salt Lake City a few days ago and is going to replicate that at Ispo in Munich. Targeting freeskiers, it is going to be offered to retailers by a completely revisited ...
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Swedish Distributor Markets Canadian Gloves All Over Europe
Besides taking on the distribution of Bula hats for the German-speaking countries (see previous story), Chris Sports Europe will be introducing a Canadian brand of ski gloves, Kombi, in the same territory. To support this and other new distributors and to help find others in other markets, Kombi will have ...
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Jd Sports Buys Irish Chain
Confirming a rumor that has been going on in the market for more than half a year, JD Sports Fashion has announced that it is buying Champion Sports, the second- or third-largest Irish sporting goods retail chain. Irish competition authorities must still approve the deal, which is expected to be ...
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Jjb Is Fined For Fudging Acquisition Costs
The Financial Services Authority of the U.K. has fined JJB Sports £445,000 (€518,330-$707,145) for not properly disclosing the costs of two acquisitions. The first one, from 2007, was the takeover of the former Original Shoe Company. JJB said it paid £5 million (€5.8m-$7.9m) in cash for the chain. It turns ...
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Npd Sees A Turnaround In The Five Major European Markets
The NPD Group reports that the market for sports shoes and clothing in the ?big five? countries in Europe turned to growth in the third quarter of 2010. While the net tally was a mere +0 percent, this indicates that the market may be finally recovering after several negative quarters. ...
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Fila Korea Acquires Fila Emea
Working through Fila Luxembourg, its subsidiary for the international market, Fila Korea has agreed to take over control of Integrix Sports Group, the London-based company that holds the master license for the Fila brand in Europe, the Middle East and Africa. Integrix' former controlling shareholder, Ares Capital, retains a 25 ...
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Charges Weigh On Callaway's Fourth Quarter Results
Callaway Golf widened its net losses to $34.9 million in the fourth quarter ended Dec. 31 from $18.2 million a year earlier, largely due to an impairment charge of $7.5 million for its Top-Flite brand and other charges, while revenues were virtually flat at $185.5 million against $185.9 million.The group ...
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Columbia Is In A Turnaround Mode In Europe And Elsewhere
In reporting significant growth across all its brands, regions and product categories for the fourth quarter and the 2010 fiscal year last Thursday, Columbia Sportswear seemed to be flying like the Phoenix out of the ashes. Tim Boyle, president and chief executive, said that the overall performance of the group ...
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Successful Year For Marker-völkl
In a press release timed before the big Ispo Winter show, the Marker Völkl Group claims that both of its brands managed to strengthen their positions among the leading suppliers of skis and bindings in 2010. The company's 2010 business year was characterized by a very positive order situation and ...
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Wolverine Caps A Record Year
Wolverine World Wide reported today record sales of $1.249 billion in the full year ended last Jan. 1, up by 13.4 percent from the previous year with the contribution of all its divisions. The Outdoor unit, the American group's largest, increased sales by 12.4 percent to $467.6 million. Among other ...
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Wolverine Creates International Division
Wolverine World Wide has created a new stand-alone structure, called Wolverine International Group, to oversee the market development, selling activities and local market execution for all its brands outside of North America. The unit will be run by Bill Brown, a 24-year veteran of the company. He will report directly ...
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Uci Cuts Certification Fees For Frames And Forks
The Union Cycliste Internationale (UCI) has cut the fees for the procedures it requires for the certification of bicycle frames and forks to the satisfaction of the World Federation of the Sporting Goods Industry (WFSGI), which recently set up a section for bicycle producers. UCI cut testing costs of ...
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AXA Private Equity has announced that it is buying a...
AXA Private Equity has announced that it is buying a 22 percent stake in the capital of FitnessBoutique, a French-based retail company specializing in fitness equipment and food supplements that sells both online and off. FitnessBoutique has a goal of becoming a market leader in Europe in the next 18 ...
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Vente-privee.com, the successful French online discounter, is scheduled in February...
Vente-privee.com, the successful French online discounter, is scheduled in February to sell vouchers that customers can trade in with Skiset, the big French ski rental group, to obtain ski equipment at lower prices. They will be able to redeem the vouchers after the French winter school holidays, which last a ...
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While the number of SportZone's stores in Portugal declined from...
While the number of SportZone's stores in Portugal declined from 75 to 74 last year, it doubled from 14 to 28 stores in Spain. Sonae SR, the division of the Portuguese Sonae Group that operates this chain and other specialty retailers such as Worten and Zippy, reached a turnover of ...
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Athleticum raised its sales by 5.6 percent last year to...
Athleticum raised its sales by 5.6 percent last year to 225.7 million Swiss francs (€175.6m-$239.6m) with an unchanged number of stores. Manor Group wants to stay with its 25 Athleticum sports stores in the near future while modernizing its department stores, some of which have impressive sports departments. Including other ...
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Asics' flagship store in Amsterdam, next to the running mecca...
Asics' flagship store in Amsterdam, next to the running mecca the Vondelpark, is finally on its way to a full opening. In addition to retail, the 600-square-meter store offers a Running Lab, a special system that analyzes gait and running ability, previously available only for professional athletes. Everything is expected ...
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The Regatta Group has decided to put an end to...
The Regatta Group has decided to put an end to its Hawshead brand of outdoor clothing, which it purchased three years ago, having realized that very substantial investments would have been required to nurture it. No layoffs will be necessary because of the strong growth of the group's other activities: ...
